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Home › Bihar Board Class 12 (Arts) › Economics › Open Economy Macroeconomics › If one US dollar costs Rs 50, the exchange rate is

If one US dollar costs Rs 50, the exchange rate is

A$50 per rupee
BRs 5 per dollar
CRs 50 per dollar
DRs 1 per dollar
Answer & Solution
Correct answer: C. Rs 50 per dollar
The rupee price of one dollar is the exchange rate, here 50 rupees per dollar.
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